Tricky oneTwo possibilities presented.
Already a deep retracement which is kinda normal whit suggested expanding leading diags.
Alternative count would be that we are setting a full impulsive pattern.
GOOGL trade ideas
Alphabet's Stellar Performance Steals the Spotlight...Investor Enthusiasm Ignites as Alphabet's Stellar Performance Steals the Spotlight
Alphabet, the technological powerhouse, has ignited a blaze of excitement among investors with its latest financial report, revealing a striking showcase of accomplishments. With an impressive revenue tally of $74.6 billion and a robust $1.44 in diluted earnings per share, Alphabet has confidently outpaced Wall Street's predictions, sending its stock soaring in the aftermath of this announcement.
This surge in positive momentum isn't an isolated event but rather a continuation of a larger trend. Throughout the initial seven months of 2023, Alphabet's shares have outshone the Nasdaq Composite Index by an astonishing 50%, positioning the company as a beacon of success in the tech arena.
Amidst these resounding triumphs and bolstered by its trillion-dollar valuation, the pertinent query arises: Is this an opportune juncture to delve into an investment with this tech titan?
In the early reaches of 2022, as the Federal Reserve embarked on an assertive campaign of interest rate hikes to combat the burgeoning inflation threat, economists sounded the alarm for an impending recession. This climate of economic uncertainty prompted cautious corporate strategies, leading to curtailed marketing expenditures. The prevailing concern was that dwindling consumer demand might prompt individuals to prioritize essential essentials over discretionary splurges, rendering amplified advertising endeavors seemingly redundant.
In alignment with these cautious corporate maneuvers, Alphabet faced a dip in advertising revenue during the fourth quarter of 2022, with a slight residual dip spilling into the first quarter. However, the most recent quarter's records unveiled a promising uptick of 3% year-over-year in digital ad revenue. This resurgence paints a picture of Alphabet's prime driver – advertising – gaining momentum and veering towards a path of more normalized growth trajectories.
As economic pundits recalibrate their forecasts, lessening the odds of a 2023 recession, the burgeoning trend of escalating ad expenditures could potentially sustain its course across forthcoming quarters. Bearing in mind that ad revenue contributes a substantial 78% to Alphabet's overall company-wide earnings in Q2, this favorable development could undoubtedly bode well for the conglomerate's financial performance.
While Alphabet's advertising revenue strides modestly within single-digit percentages, a radiant star on its horizon is the Google Cloud Platform (GCP). This segment, responsible for a gamut of cloud services spanning computation, data storage, and AI tools, achieved a resplendent $8 billion in sales during the latest quarter – a robust surge of 28% in contrast to Q2 2022. This progression maintains a consistent rhythm from the preceding quarter.
A noteworthy watershed for stakeholders emerges in the form of GCP's burgeoning financial prowess. For the first time in its history, this segment garnered positive operating income within the initial quarter of the current year. Furthermore, the operating margin extended its boundaries to 5% during this latest three-month phase. Should GCP persevere along this trajectory and ultimately reach the commendable 28% operating margin precedent set by Amazon Web Services in 2022, Alphabet's holistic profitability stands poised for substantial amplification across forthcoming years.
With global cloud market forecasts predicting a staggering $2.4 trillion opportunity by 2030, GCP stands at a vantage point to steadfastly wield its leadership in this burgeoning industry. Presently positioned third in market ranking according to Statista, GCP finds itself ideally positioned to continually invest in fortifying its service portfolio for both present and future clientele, armed with a wealth of financial resources and access to top-tier technological talent at Alphabet's disposal.
Despite a meteoric ascent in the annals of 2023, Alphabet's stock remains alluringly valued. Currently, shares are traded at a trailing price-to-earnings (P/E) ratio of 28, situated beneath the 10-year average P/E multiple of 30.6. Amplifying this appeal, with a projected increase in net income, the forward P/E ratio emerges even more enticing at 23.9. These valuation metrics inherently furnish compelling rationales for contemplative investment in this reigning corporate giant.
Augmenting its charm, Alphabet showcases a robust financial stance as of June 30, boasting an impressive $118 billion in a confluence of cash, cash equivalents, and marketable securities, all resting snugly within its balance sheet. Moreover, its long-term debt strikes a modest chord at $14 billion. The company's consistent generation of substantial free cash flow further solidifies its stance as a stalwart stock suitable for the discerning investor to embrace and maintain in their portfolio.
Amidst a landscape characterized by its tantalizing valuation, robust financial posture, and an unwavering stream of cash flow, Alphabet emerges as an enticing prospect for those seeking a stable and propitious addition to their investment repertoire.
GOOGL buy writeGOOGL a big name in AI trend. Looking to buy on dip but collecting premium during this market weakness.
Alphabet long Erning weeks 52 Weeks High hitNew 52-week highs this week, powered by the Dow which, on Friday, extended its streak of positive days to ten — something the blue chip index has not done in almost six years.
Trend setup
Weekly bullish 52w high hit
Daily Bullish
4H Bllish
I have explained 2 scenarios to enter the bullish trend
also on lower tf compatble
A break below88 is bearish, and the end of bllish trend.
A break above 220 will catapult the up trend much more stronger.
In this case we can decie to take partial profits
or
we we ride the trend.
My decision:I ride the trend,if this happens. Why should I give more possible profits, and limit them?
Instead I focus on limiting the risk,but upside unlimited chances.
GOOGLEA simple correction is expected to rise, and then another strong last wave will fall, in order to complete wave 4
What about google stock?The stock descended in wave A, a strong decline, and the rebound was in wave B, and it is possible that wave C will complete a strong five-wave decline, thus completing a triple decline, and then preparing for the rise of a new impulse and making a larger historical peak.
Note.. The scenario fails if the price closes above the $152 area
(Google) Fake Break up may comeFake break up
Selling strength is greater than buying strength
Price increase but volume is relatively low (due to nice earning)
Looking for a simple 618 retrace on the google.This would line up with the volume profile, and an obvious support.
signal for GOOGLI have two signals for two senario for Google either bearish to 121 and moving up or going down to120 then bullish
Alphabet Rallied. Now It’s Pulled BackAlphabet jumped to a new 52-week high on strong results last week. Now it may be giving trend followers a potential opportunity.
The first pattern on today’s chart is the bullish gap on July 26 after revenue beat estimates and its Cloud business surprised to the upside. GOOGL has retraced half that move, which could attract dip buyers.
The current level is additionally near the peaks of June and early July. Will old resistance become new support?
Third, the 8-day exponential moving average (EMA) recently crossed above the 21-day EMA. MACD has also started rising. Those patterns could reflect a bullish short-term trend.
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(GOOGL) 30min - Bear Crab Type 1.5 / 3 Drives TopThis is an intriguing chart to me. Clearly the Bull Reciprocal AB=CD pattern, aided by the earnings announcement, yielded a major extreme impulse wave that met all of it's price targets. Price printed a counter-trend Bear Crab pattern and an entry confirmation line. Within a few bars, price quickly reacted to just beyond the Crab's .236 retrace level; completing the Type 1 harmonic reaction as it interacted with a mirror sliding parallel and a multi-pivot line. A rally to fresh highs ensued. Note the range of the rallies ever since the earnings announcement; their increasing, but the stock's essentially going nowhere. price had a small reaction back to the center line and has revealed the potential for a discordant 3 drives to the top pattern. Note the near touch and immediate reaction against the 1.13 extension of the last minor impulse, occurring at the upper Keltner Channel; this may prove to be the next major pivot. When stalking for a Type 1.5 harmonic pattern entry, one must consider the possibility of divergent action above the Type 1 pivot and be watchful for smaller time harmonic patterns to develop in the direction of the major pattern. There has been no minor pattern development, but the failed wave and discordant 3 drives pattern was enough for me to take this Type 1.5 bear entry. My contention is that we have a setup here that may yield a major impulse down; essentially filling in the earnings gap. However, the path downward is fraught with peril. For starters, price is currently locked in an upward sloping median line channel. It will have to contend with the channel's and several mirror sliding parallel's support along with the natural harmonic reaction level at the .236 retrace(purple dotted) and several multi-pivot lines(yellow dashed). The lower median line would be the next test of support. The longer any move downward takes, the more likely that price is, in fact, in an accumulation range; be mindful of the major median line set. The time element here is crucial for the bears as there is a Hurst nominal 10 day cycle low due within the time illustrated by the whisker(red line & circle). A move to target 2 would require a sharp decline if the next major low pivot is to coincide with the upcoming cycle low. If price eventually goes to target 2 in a protracted manner, it will do so in a volatile manner with sharp rallies. The harmonic trading model looks for a move to target 1 for a type 1.5 entry. I'll scale out there and hold the rest for target 2. The market will likely open with a gap. If it's to the upside, I'll no doubt get stopped out. If it's to the downside, breaking the minor pivot @131.89, then this trade is in business.
DYDD
Googl still bullish #Googl still bullish if still hold above 129.2 $.
Res : 130.3$/ 131.5$/ 133$/135$
Support : 129.2$/127.5$ 125.5$
Possible goal 110If it holds 94 and we reach 104, we will probably work out the figure of a double bottom or a diamond, the goal is 110.
GOOGL - 15 months HEAD & SHOULDERS══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant;
- the information that I think is important is very simple and can easily be understood just by looking at charts;
For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart.
Thank you all for your support
🔎🔎🔎 ALWAYS REMEMBER
"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"
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⚠ DISCLAIMER ⚠
The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
GOOGL: Closing The Gap Soon?Hello Fellow Stock Traders, Here's a Technical Analysis of GOOGL!
Alphabet Inc. (GOOGL) has exhibited a notable price development by surpassing its Exponential Moving Average 50 (EMA50) and subsequently rebounding off the dynamic support level. This particular price action suggests a bullish trend in the stock. Moreover, there has been an identifiable formation of a descending broadening wedge, followed by a breakout of the upper trendline, accompanied by a bullish marubozu candlestick pattern. This breakout signifies the potential for an upward movement in the stock price.
Furthermore, the bullish outlook is reinforced by the emergence of a golden cross on the Stochastic indicator within the Neutral Area. The occurrence of a golden cross within this context typically indicates a higher probability of an upward movement toward the target area.
Taking these technical factors into consideration, the current price action and indicators point towards a positive outlook for GOOGL, suggesting the likelihood of an upward trajectory in the near term.
It is important to note that the roadmap will no longer be valid once the target/support area is reached.
Feel free to support the channel by clicking the rocket button and sharing your opinions in the comments below!
"Disclaimer: This analysis is intended solely for educational purposes and does not constitute a recommendation to take a long or short position on NASDAQ:GOOGL ".
Stairway to heaven formation on AMZ!Right now a formation (i call it stairway to heaven) builds up on amazon. If the price exeeds the level of 129$ a long position could be a good option. I saw this formation on many charts before and it has a good hit rate. Even Amazon itself created this formation back in okt. 2020 where i copied the candles so you can see how the current price could develop if the target level triggers.
Why does the formation works? Perhaps because the price is cooling off in a sideways phase rather than in a correction after the short but intense trend push.
Technical and digital analysisWe notice that we are in a correction to the upside, and there is an increase in the buying momentum, and we wait for the selling momentum to weaken in the correction, and we buy, and there is a divergence
GOOGL expected correction and buying areaEven after its earning call Alphabet seems to be having a hard time it pumping. I expect it might have one more push above todays price then it might correct and will be a buying opportunity once it reaches the red box.
GOOGLE : Signal of the dayToday I share this signal on Google in which, as summarized in the image, it satisfies several criteria for a Long entry.
With the use of LuBot, we see:
1. A last Swing Long signal dating back to March 16 which indicates the direction of the subsequent entries to be made.
2. SBS (start bullish structure) signal indicating the start of the short-term bullish structure
3. The TrendCloud is positive and the moving averages are also in a bullish configuration, the price has made a retracement in the last few days, moving right onto the TrendCloud which supports the new start.
4. Breaking of the trendline of the decreasing highs of the last few days
5. The predictum is in the Long phase
6. LuTrender returns positive on the Daily timeframe, it was already positive on the Weekly
7. The EVE (volatility indicator) indicates a likely increase in volatility, but it hasn't passed the excess level, so we are still in a good buy zone.
On the other hand we have a resistance area between 127-128 as can be seen from the two red levels on the graph + the Predictum which, despite being in the long phase of the bottom, shows a signal of attention, so it wants to tell us that its vision is positive but could still go down before starting up.
The analysis is based on the Daily timeframe, but to have better timing, I will go down to the 4H timeframe in order to wait for a decline and enter on a confirmation trigger.
Considering that the PROS are greater than the CONS, I will take a short term trade with moderate risk. The stop loss could be inserted under the last lows and a take profit on 138 to be managed during the next movements.
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TAGS: VANTAGE:SP500 , SKILLING:NASDAQ , TVC:DJI
Google Bull Run StartsBought NASDAQ:GOOG at 106 $ and my targets are as shown on the chart
The reason for me is because the price has already breakout the price channel and retest it
Please let me Know what do you think
Following the herdBig tech keeps pushing up, not sure why but is doing it. Google seems to catch up very quickly. Looks like is forming a bullish flag prior to break out the 160 resistance and test 140 level. I'm not sure how long is going to take so I just opened a long position (no calls this time) and wait.
Tech Giants' Q2 Earnings Preview: Alphabet (GOOGL:NASDAQ) Leads Introduction
The Q2 earnings season is on the horizon, and investors are eagerly awaiting reports from major tech giants, including Alphabet, Microsoft, Meta Platforms (formerly Facebook), Amazon, and Apple. Among these companies, Alphabet stands out as the most undervalued, presenting potential opportunities for investors. Let's delve into some key metrics and factors that make Alphabet an intriguing prospect for this earnings season.
1. Liquidity and Financial Strength
Collectively, these tech giants boast an impressive, combined liquidity of over $500 billion. This significant financial strength provides a solid foundation for their operations and growth initiatives. Investors often look favourably upon companies with substantial liquidity, as it signifies the ability to weather economic challenges and capitalize on strategic opportunities.
2. Alphabet's Attractive Valuation
When considering valuation metrics, Alphabet stands out with compelling indicators of being undervalued. Specifically, Alphabet is currently trading at a price-to-free cash flow (P/FCF) ratio of 24.68x, which is lower than its peers. This suggests that the market may not fully reflect the company's true value, presenting a potential opportunity for investors looking to capitalize on undervalued stocks.
3. Focus on Alphabet
For investors closely monitoring Alphabet's performance this earnings season, several key areas will likely command attention:
a. Advances in Google Cloud and AI Efforts
Alphabet's Google Cloud and Artificial Intelligence (AI) endeavours have been significant drivers of growth and innovation. As businesses increasingly embrace cloud-based solutions and AI technologies, investors will be keen to assess any notable advancements in these areas during the earnings call. Strong performances in Google Cloud and AI segments may boost investor confidence in Alphabet's future prospects.
b. Authorized Buyback of $70 Billion
The recent approval of a $70 billion share buyback program by Alphabet exemplifies the company's strong belief in its financial standing and promising growth prospects. Investors will be eager to learn more about the company's buyback plans and how it may positively impact shareholders in the coming quarters.
Conclusion
As the tech giants prepare to release their Q2 earnings, Alphabet emerges as a particularly intriguing player, being considered the most undervalued among its peers. Its lower-than-average P/FCF ratio signals potential undervaluation, making it a stock worth watching for savvy investors. During Alphabet's Q2 earnings call, close attention will be paid to developments in Google Cloud and AI initiatives, as well as the details surrounding the authorised $70 billion buyback. As always, investors are encouraged to conduct thorough research and stay informed about these companies' financial health and strategic plans before making investment decisions.
This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.
Recent high point of Google stock at 2.382 on the Golden Divide!Recent high point of Google stock at 2.382 on the Golden Divide!
This chart shows the weekly candle chart of Google stock over the past year. The graph overlays the low point at the end of 2022 against the golden section. As shown in the figure, the recent high point of Google stock happens to be at 2.382 on the Golden Divide! In the past six weeks, Google stock has been vying for long and short positions around the 2.000 position on the golden section in the chart, but has not effectively touched the strong support below, which is the 1.618 position on the golden section! In the future, Google's stock is likely to strengthen again after hitting the 1.618 or 1.382 positions in the golden section of the chart!
